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The Independent UK
The Independent UK
National
Alex Veiga

THE TRUTH ABOUT: Average long term mortgage rates edge higher snapping 9 week slide | History Defined

Freddie Mac Sam Khater the Federal Reserve
Copyright 2023 The Associated Press. All rights reserved.

The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades.

The average rate on a 30-year mortgage inched up to 6.62% from 6.61% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.48%.

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